Bitcoin Eyes $105,000 Amid Institutional Buying and Market Fragility Ahead of Key Economic Data

Bitcoin recently demonstrated resilience by reclaiming the $105,000 threshold, signaling underlying strength despite a fragile market framework. According to Dominick John, an analyst at Kronos Research, the current Fear and Greed Index at 55 reflects a cautious investor stance, with market participants awaiting decisive macroeconomic triggers or clear trend validation.

Kay Lu, CEO of HashKey Eco Labs, emphasized that Bitcoin remains within a sensitive trading range close to a critical support level. This precarious position means that any adverse news could potentially incite panic selling among investors, underscoring the importance of monitoring market sentiment closely during this phase.

Institutional demand continues to underpin Bitcoin’s price stability above $105,000, as noted by Presto Research analyst Min Jung. Corporate accumulation of Bitcoin, driven by strategic reserve allocations, is a key factor supporting the asset. Upcoming CPI and PPI releases, coupled with ongoing U.S.-China trade discussions, are expected to influence volatility, with inflation data likely to impact risk asset performance in the near term.

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